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Vancouver precious metals and stones dealer coughs up $222,750 to FINTRAC for PCMLTFA failures

FINTRAC imposes an administrative monetary penalty on Montecristo Jewellers Inc.  News Release May 12, 2022, Ottawa Ontario FINTRAC announced today that it has imposed an administrative monetary penalty on Montecristo Jewellers Inc. This precious metals and precious stones dealer in Vancouver, British Columbia, was imposed an administrative monetary penalty of […]

Finansinspektionen Enforcement Action: Trustly Group fined SEK 130 million for AML deficiencies

Trustly Group receives warning and administrative fine 2022-02-22 | SANCTIONS MONEY LAUNDERING BANK Trustly Group AB is receiving a warning and must pay an administrative fine of SEK 130 million. The company is also ordered to address certain deficiencies. Finansinspektionen’s (FI) investigation shows that Trustly has not complied with central parts of the […]

Real Estate Broker fined CAD101,227 by FINTRAC

FINTRAC imposes an administrative monetary penalty on 9293-0809 Québec Inc. News Release May 10, 2022, Ottawa Ontario FINTRAC announced today that it has imposed an administrative monetary penalty on 9293-0809 Québec Inc., also operating as Groupe Sam’s Globale. This real estate broker in Montréal, Quebec, was imposed an administrative monetary penalty of $101,227 on […]

March 16, 2022: NY DFS fines MoneyGram for AML failures

Press Release  March 16, 2022 SUPERINTENDENT ADRIENNE A. HARRIS ANNOUNCES THAT DFS HAS IMPOSED A PENALTY OF $8.25 MILLION ON MONEYGRAM FOR COMPLIANCE FAILURES   Moneygram Failed to Properly Supervise Agents Engaging in Suspicious Transactions to China  Superintendent of Financial Services Adrienne A. Harris announced today that MoneyGram International Inc. (“MoneyGram”) has […]